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MyFico is a fraud!

Moderator Emeritus

Re: MyFico is a fraud!

Fico is a scoring model that measures risk of default.  The folks at FICO must have been very good at coming up with the forumular since most lenders use this score.

 

If you are denied for credit, you'll get a score in the mail along with a notice telling you how to obtain your free report.

 

Its easy to manipulate the forumula by making yourself not a big risk... in other words, pay your bills on time, don't overuse your credit card, don't go applying for new credit all the time, don't open a lot of new accounts.... etc.

 

FYI, moderators at this site are volunteers. We are here to help keep the atmosphere conducive for folks to feel comfortable asking questions and learning  how to improve their score, or obtain the products they want.

 

 


Starting Score: 08/29/2011 TU 671 EQ 674
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Message 51 of 59
Established Contributor

Re: MyFico is a fraud!


webhopper wrote:

 

FYI, moderators at this site are volunteers. We are here to help keep the atmosphere conducive for folks to feel comfortable asking questions and learning  how to improve their score, or obtain the products they want.

 


I, for one, appreciate the ability of the mods to answer posts without belitttling anyone. Not everyone can do this, as we've seen. Thanks, mods!

Message 52 of 59
Valued Contributor

Re: MyFico is a fraud!


beavo040 wrote:

ATTENTION!!!

 

MyFico is nothing more than a scam when it comes to credit scores and credit informaiton.  DO NOT believe any claims made by MyFico stating that they are the only reliable resource for accurate information!  Do not pay anything via MyFico.com thinking you are getting accurate information.  It is simply government funded fraud!!!  Please report any viable information to the FTC!


You are, of course, entitled to your opinion.  It's wrong, but then it is your opinion, not based in fact. 

 

I find it interesting that you've been a member here since 2010 and have only posted 6 times.  One would hope that, in those 3 years since you've joined that you would have read some of the stickies and other information here to have a full understanding of what FICO is all about. 

EX = 849 EQ = 850 TU = 850 as of 07/2017
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Message 53 of 59
Senior Contributor

Re: MyFico is a fraud!

Do I dare to Chime in? Smiley Very Happy 

 

llecs where is my peanuts?? I watched my Blackhawks without peanuts!! Sniff Sniff!!!

Message 54 of 59
Moderator

Re: MyFico is a fraud!


thom02099 wrote:

beavo040 wrote:

ATTENTION!!!

 

MyFico is nothing more than a scam when it comes to credit scores and credit informaiton.  DO NOT believe any claims made by MyFico stating that they are the only reliable resource for accurate information!  Do not pay anything via MyFico.com thinking you are getting accurate information.  It is simply government funded fraud!!!  Please report any viable information to the FTC!


You are, of course, entitled to your opinion.  It's wrong, but then it is your opinion, not based in fact. 

 

I find it interesting that you've been a member here since 2010 and have only posted 6 times.  One would hope that, in those 3 years since you've joined that you would have read some of the stickies and other information here to have a full understanding of what FICO is all about. 


Hey folks, the original post in this thread is over two years old now.  Also Beavo hasn't visited the site in about 22 months either.  It's unlikely this response is going to be seen.

 

While there's some discussion regarding more recent posts, and I know this forum is somewhat awkward in it's presentation, let's please focus on the recent messages in the thread.  May be worth splitting it off into a seperate one but realistically we get one of these posts roughly every month.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 741, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (1/1/18)
Goal Score:    EQ 5 771, TU 4 750, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (01/01/19)


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Message 55 of 59
New Member

Re: MyFico is a fraud!

Ugggggh?

 

I am confused. It was clearly explained in advance, "10 day free trial....after 10 day you will be billed 14.99 for 3 months".

No one wants to accept accountability.

 

Message 56 of 59
Valued Contributor

Re: MyFico is a fraud!


kotincandy wrote:

Ugggggh?

 

I am confused. It was clearly explained in advance, "10 day free trial....after 10 day you will be billed 14.99 for 3 months".

No one wants to accept accountability.

 


   Look on the date of ths thread kotin. It was started in 2011 then briefly resurreced on 4-20 of this year. I really seriously doubt the original poster will ever see your response. It isn't even likely the original poster even remembers starting this thread. 

Message 57 of 59
Frequent Contributor

Re: MyFico is a fraud!

I recently got my car refinanced. Lender pulled my Fico EQ score. Smiley Wink


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Message 58 of 59
Highlighted
Senior Contributor

Re: MyFico is a fraud!

Locking thread, it's over 2 years old and I believe this thread has run it's course.Smiley Wink Lightnin, myFICO Moderator

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Message 59 of 59